MY Stock 118

MY Stock 118 KLSE News & Tips

Tuesday, May 2nd, 2017

NEW YORK, May 2 ― Wall Street was little changed today, with the Nasdaq Composite edging lower after eking out another record high, as the Federal Reserve’s meeting kicks off. While the Fed is widely expected to stand pat on interest rates,…

Manulife Asset Management Services Bhd today declared income distributions for two of its equity unit trust funds for the financial year ended 30 April 2017. All unit holders who maintained their units in Manulife Investment Dividend Fund (an income fund) and Manulife Investment Shariah Progress Fund (an Islamic small-cap fund) as at 25 April 2017 are entitled to receive the distributions, which represent distribution yields of 7.56% and 7.72% respectively. Manulife declared a gross distributions of 2.70 sen per unit for Manulife Investment Dividend Fund and 2.85 sen per unitRead More

KUALA LUMPUR, May 2 ― The ringgit closed higher against the US dollar on better demand for the local note as the market expects the US Federal Reserve to leave interest rates unchanged for the time being. At 6 pm, the local note was quoted at…

LONDON, May 2 ― Bitcoin surged to an all-time high above US$1,400 (RM6,059) today, after more than tripling in value over the past year, with its most recent rise attributed to strong demand in Japan, where the digital currency has been deemed a…

KUALA LUMPUR, May 2 ― Foreign-led buying in finance-related and large-capitalised stocks has pushed Bursa Malaysia to close at over one-year high since April 15, 2016, showing signs that the key index may possibly exceed the 1,800-level within…

KUALA LUMPUR: Foreign-led buying in finance-related and large-capitalised stocks has pushed Bursa Malaysia to close at over one-year high since April 15, 2016, showing signs that the key index may possibly exceed the 1,800-level within the second quarter of the year, says a dealer.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) finished 10.41 points higher at 1,778.47 from Friday's close of 1,768.06.

The index opened 1.10 points higher at 1,769.16 and moved between 1,769.16 and 1,781.55 throughout the day.

Inter- Pacific Securities Sdn Bhd's Head of Research Pong Teng Siew said the surge in gainers, especially finance and large-cap stocks, appeared to be foreign led-buying.

“The net foreign buying on the local bourse has been pretty steady since mid-December last year, making Bursa Malaysia’s performance stronger than expected,” he told Bernama.

Apart from that, he said the bullish performance on the local bourse was also in line with the strong regional market, which reacted positively to the upbeat overnight Wall Street, with the S&P 500 gaining 0.17% and Nasdaq Composite putting on 0.73%.

KUALA LUMPUR: Digital identity and business solutions company Iris Corp Bhd will be partnering with US authentication and digital security company TruTag Technologies Inc to look into the potential for smartcard and secure label applications globally.

Both parties today signed a letter of intent (LoI) to jointly develop smartcard and secure label applications to help enhance traceability and security document identification, eliminate counterfeit products and improve supply chain visibility.

“This collaboration is actually to build and enhance the current technology that Iris has. So we gonna work together and create more products that are suitable for Malaysian market and we are also targeting Southeast Asia,” Iris acting CEO Choong Choo Hock said at the signing ceremony here today.

Felda, which holds a 21.33% equity stake in Iris through Felda Investment Corp Sdn Bhd (FIC), is positive on the partnership between the two companies.

Felda new chairman Tan Sri Shahrir Samad who witnessed the signing event said that the proposal will be discussed by the boards of Felda and FIC to map out the potential markets and sectors to target.

TruTag is the only company in the world with covert and edible optical memory microtags that can be applied to both consumables (pharmaceuticals, food and beverage) and secure documents.